Saturday , March 28 2020

HBL announces to close its branch in New York


Habib Bank Limited (HBL) announces voluntary closure of its branch in New York

Habib Bank’s statement said Habib Bank branch in New York will be closed from March 31, 2020, the move to close the branch is being carried out under New York state banking laws and after voluntary closure of the branch, HBL will not operate any branch USA.

Related: HBL chief blames ‘human error’ as $630 US fine looms

Habib Bank will continue to meet US clients’ banking needs in Pakistan and other countries, the statement added, thanks to the cooperation of the New York State Department Financial Services, the Federal Reserve Bank of New York and the State Bank of Pakistan on the closure of the New York branch.

The statement said that compliance with international standards and protocols is part of our business, Habib Bank remains committed to progressive banking practice while adhering to international standards.

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